Class III Purchase, anyone done it?

[Podunkadunk]

Look at all those "pre ban" guns that were sold at "smokin dope" prices when we had the assualt ban, and what happened to those prices when the assualt ban expired.

Take a $900 rifle and sell it for over 10k just because it can shoot on full auto?

There's a supply and demand issue in there somewhere.

Yep! Economics 101: If demand is greater than supply, prices rise and vice versa, however there are many caveats to the equation, but it's lengthy and to prevent hijacking my own thread, I won't open pandora's box.

As I stated earlier in this thread, I've been lurking around on some gun sites gandering and making notes. I've already seen guns that I had a "watch" on (kind of like Ebay), go bye-bye. These are 12-15k gun prices and they don't stay too long.

$ is a huge factor. As for the "hoops" part, I took advice in this thread and contacted some local (and distant) Class III NFA dealers/brokers and the "hoops" aren't any more difficult than getting a CCW permit. Fill out some forms, take some passport type pics, get fingerprinted, get signed authorization from the local sheriff, pay the $ for the tax and application and wait anywhere from a couple to six months for the BATFE to issue the go-ahead. Once the letter comes authorizing the transaction, go pick it up at the dealer/broker. My end of the "hoops" may take 1/2 day running around my little podunk town. No sweat.

The sweat comes in convincing the wife that I want to spend that kind of $ on a firearm...baby almost here, college fund to finance, diapers galore to buy, all the logistical stuff that comes with a new baby. My heart is in getting an M16 or the like, but I don't think I can justify the purchase with my better half . She rants now when FedEx shows up with another case of ammo (ammo prices are crazy right now) or when I bought a $700.00 stock for my stick.

My ONLY reason for wanting to get one is I feel strongly that in the not too distant future, we won't have the legal OPPORTUNITY to purchase one. Again, I won't get political...everyone knows what I'm implying. With that, I'm going to hit the hay.

Podunk

 

[Sigarms]

The sweat comes in convincing the wife that I want to spend that kind of $ on a firearm...baby almost here, college fund to finance, diapers galore to buy, all the logistical stuff that comes with a new baby. My heart is in getting an M16 or the like, but I don't think I can justify the purchase with my better half . She rants now when FedEx shows up with another case of ammo (ammo prices are crazy right now) or when I bought a $700.00 stock for my stick.

My ONLY reason for wanting to get one is I feel strongly that in the not too distant future, we won't have the legal OPPORTUNITY to purchase one. Again, I won't get political...everyone knows what I'm implying. With that, I'm going to hit the hay.

Podunk

You sound like a smart man

Every once in a while a tin foil hat is a good thing to have

 

[MossRoad]

diapers galore to buy, all the logistical stuff that comes with a new baby.

In all seriousness, you will probably spend more on diapers than ammo in that first two years.... a little stinker can go through 10-12 diapers a day every day in the first 6 months. Then it tapers off a bit until potty training. If I were you, I would invest in something along the lines of these instead of ammo.

 

[Podunkadunk]

If I were you, I would invest in something along the lines of these instead of ammo.

, ain't that the truth! I was expecting a diaper manufacturer's stock symbol.

 

[Soundguy]

Look at all those "pre ban" guns that were sold at "smokin dope" prices when we had the assualt ban, and what happened to those prices when the assualt ban expired.

Take a $900 rifle and sell it for over 10k just because it can shoot on full auto?

There's a supply and demand issue in there somewhere.

I'm still not seeing a supply / demand issue.

And the 'assult gun ban'.. has little to do with full auto weapons. 'assult weapon' is a vauge undefined term for the media, and for politicians to hang on.

In a supply / demand issue, if the supply runs short of the demand.. prices go up.

in this case.. supply has always been high... it has been the demand that has been low. Price has kept the demand low. When you have 2 guns.. and one is 1000$ and single fire, and the full auto version is 10K$.. the price is the prohibitive issue there.. not the supply.

If i was a billionair.. i could hit the internet and continously buy full auto guns as fast as i could click the mouse and fill out the transfer paperwork.

I used to want a thompson... actually i still do... And i've even had the chance to buy them.. actually.. often.. it's just that when you see them.. the bidding starts at say.. 14K and then hits 20K fast... and i don't have that money laying around....

Supply has been fine... prices are keeping the average gun enthusiast from 'collecting'.

One thing though. You argument will eventually come to pass. As supplies of pre 84 transferable guns is starting to dwindle.. then yes.. demand will exceed the supply, and that will onle serve to drive prices up even higher.

Anyone wanting to rock-n-roll better put their hands on something in the next couple years.. in fact.. probably even sooner.. depending on if we end up with a donkey or a elephant here pretty soon. Them donkey's don't like citizens with guns!!


soundguy

 

[Soundguy]

The 'hoop's i referred to was mainly targeted at the people that are unlucky enough to live in an area where the local CLEO is unwilling to sign.. or must be convinced to sign.. etc. The paperwork itself is nothing...

soundguy

As for the "hoops" part, I took advice in this thread and contacted some local (and distant) Class III NFA dealers/brokers and the "hoops" aren't any more difficult than getting a CCW permit. Fill out some forms, take some passport type pics, get fingerprinted, get signed authorization from the local sheriff, pay the $ for the tax and application and wait anywhere from a couple to six months for the BATFE to issue the go-ahead. Once the letter comes authorizing the transaction, go pick it up at the dealer/broker. My end of the "hoops" may take 1/2 day running around my little podunk town. No sweat.

 

[Sigarms]

I'm still not seeing a supply / demand issue.

In a supply / demand issue, if the supply runs short of the demand.. prices go up.

in this case.. supply has always been high... it has been the demand that has been low. Price has kept the demand low. When you have 2 guns.. and one is 1000$ and single fire, and the full auto version is 10K$.. the price is the prohibitive issue there.. not the supply.

Supply has been fine... prices are keeping the average gun enthusiast from 'collecting'.

My daddy always taught me something is only worth what you're willing to pay for it.

My original comment directed to supply and demand was how the law has an effect on both (supply and demand).

"Illegal" drugs and alcohol during a time in our country are a prime examples, however I realize that this is not comparing "apples to apples" to some extent pertaining to the "full auto" issue.